Reinsurance Companies Invest Over Rs 40 Billion in Six Months, Himalayan Reinsurance Leads Expansion

Kathmandu – Nepal’s two reinsurance companies in operation — Nepal Reinsurance Company Limited and Himalayan Reinsurance Limited have made total investments amounting to Rs 40.63 billion across various sectors during the first six months of the current fiscal year, according to data released by the Nepal Insurance Authority.

State-owned Nepal Reinsurance Company has made a total investment of Rs 21.10 billion during this period. The majority of its investments, amounting to Rs 18.4 billion, are in fixed deposits with banks. Of this, Rs 15.62 billion is invested in A-class commercial banks, while Rs 1.75 billion is placed in B-class development banks. Additionally, Nepal Reinsurance has invested Rs 400 million in C-class financial institutions and Rs 260 million in the Nepal Infrastructure Bank. The company also holds Rs 300 million in government savings bonds, Rs 1.36 billion in preference shares, bonds, and debentures of banks and financial institutions, Rs 90 million in ordinary shares of listed public companies, and Rs 50 million in citizen investment funds and mutual funds.

On the other hand, Himalayan Reinsurance, a private sector company, has been actively expanding its business and investment portfolio. During the six months of the current fiscal year, Himalayan Reinsurance invested Rs 19.52 billion in various sectors, with Rs 13.55 billion placed in fixed deposits of A-class commercial banks. The company has also invested Rs 3.65 billion in shares of listed public companies, Rs 1.36 billion in preference shares, bonds, and debentures of banks and financial institutions, and Rs 7.5 million in citizen investment trust and mutual funds.

Himalayan Reinsurance is also planning to expand its operations internationally by opening new branches.